The long term
starts again.
An infamous name in finance.
A new life onchain.
Stock markets. Systematic liquidity. A token model built around earned trading fees. Welcome to the next chapter of Long-Term Capital Management.
MANAGEMENTI.
ON PROBABILITY & HUMAN NATURE
The model is not
the market.
Markets have a memory.
So should their models.
CHAPTER
The mandate
$LTCM / FEE ALLOCATIONCapital should
have a job.
Trading creates fees.
Fees put liquidity to work.
The book pays its holders.
The LTCM implementation routes received token fees into a protocol-owned liquidity budget and operations. Earned stock-pool fees are split 80% toward funded holder rewards and 20% to the desk. Follow positions and funded distributions in the public register.
Read the allocation ↓20% retained by the desk. Principal remains protocol-owned.
Based on the currently observed PONS policy: a 4% standard levy yields 3.7% to the creator receiver, split 11:1 between LP budget and operations. Launch protections and policy changes can alter fees. Rewards depend on actual income; liquidity can lose value.
At the desk
CONNECTING TO ROBINHOODThe world doesn’t
trade in theory.
Stock-token data from Robinhood.
Reference prices with source timestamps.
Review pool quotes in the trading desk.
| Asset / Symbol | Network | Reference price | Quote status | Updated | Action |
|---|
Reference values use the underlying bid/ask midpoint adjusted for each token’s share multiplier. They are not executable swap quotes. Stale or halted prices are withheld.
The liquidity desk
Let the book
do the work.
Protocol-owned stock-token liquidity. The book retains its principal and allocates earned LP fees: 80% toward funded holder rewards and 20% to the desk. Positions and distributions are recorded in the public register.
- Liquidity custody
- Protocol-owned
- Holder reward allocation
- 80% of earned LP fees
- Desk allocation
- 20% of earned LP fees
Run the arithmetic.
Explore how earned LP fees are allocated.
- Earned LP fees
- Desk share · 20%
- Holder allocation · 80%
Allocation illustration only. Assumes the stated fee income; it does not predict returns or include changes in principal value.
A name with a history
Yes.
That Long-Term.
Brilliant minds.
An extraordinary rise.
A very human ending.
Founded by John Meriwether in 1994, the original LTCM brought together celebrated traders and economists, including Myron Scholes and Robert C. Merton. In 1998, leverage and market turmoil brought it to the edge of collapse.
This independent project borrows the name and remembers the lesson: a model is a way of seeing the market. It is never the whole market.
Read the original story ↗Not affiliated with the former LTCM partnership, its principals, or Robinhood.
Before you
take a position.
Where can I trade?+
The stock-token desk uses USDG on Robinhood Chain. The Ethereum desk supports USDC purchases of gold-backed tokens and RWA protocol tokens. Each desk shows current availability and a quote with fees and minimum output before any wallet confirmation.
How does protocol liquidity work?+
LTCM’s liquidity book holds protocol-owned positions. Principal stays in the book for reinvestment. Earned LP fees are allocated 80% toward funded holder rewards and 20% to the desk. The public register reports verified positions and funded reward epochs. This is not a user-deposit vault.
How do the fees work?+
Stock-token buys and sells carry a 5% desk fee. Ethereum RWA purchases carry a 5% USDC input fee. Pool fees, gas and price impact are shown or accounted for separately in the order flow. The $LTCM token fee allocation is described above; launch protections and upstream policy can change its standard levy.
Does the name imply guaranteed returns?+
No. Market exposure, liquidity positions, and smart contracts can lose value. Fee income can be zero. Historical prestige provides no protection against losses.
Take the long view.
Open trading desk ↗History is the reference.
The next chapter is ours to write.